Banks face earnings falls due to slowing economy - News.com.au
Story date: 2008-07-22 04:09:00
Added on: 2008-07-22 22:49:09
Australian banks so far have avoided the worst of the fallout from the collapse of the US housing market, but Citigroup analysts forecast pain is imminent with NAB and ANZ facing a 12 per cent drop in profit next year. "A vicious cycle of tight ...
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